Ireland sees third consecutive month of job market growth - January 2010 [press release]

Aldagh McDonogh 23.01.2010

“Monitoring the pulse of the Irish professional jobs market”

Ireland sees third consecutive month of job market growth

Highlights

  • During January 10 the number of new job vacancies in Ireland increased by 15% compared to December 09 – the third consecutive monthly increase
  • Compared to the same month a year ago, new job opportunities increased by 12% in January 10
  • The number of professionals looking for a new role in January 10 increased by 67% month-on-month – following the seasonal dip in December 09
  • There was a 6% increase in professionals looking for new jobs in January 10 compared to January 09

 

Ireland’s hiring market shows gradual growth trend

The Irish professional jobs market saw a 15% month-on-month increase in new opportunities in January 10 from 4,587 to 5,282 jobs. There was also a 12% increase in jobs from 4,715 to 5,282 in January 10 compared to the same month a year ago.  Job vacancies in January 10 were higher than at any point in 09 and showed a third consecutive month of growth, indicating a continuation of employers showing new confidence in the market.

The number of professionals entering the jobs market in January 10 rose by 67% over December 09 increasing from 7,560 to 12,655, reflecting the traditional return to job hunting after the Christmas holiday period.  There was also a slight increase in employees’ confidence to move roles indicated by the modest 6% increase in professionals looking for new jobs from 11,940 in January 09 to 12,655 in January 10. 


Brian Murphy, Managing Director of Premier Group in Ireland comments:
“We are pleased to see a positive start to the year for the professional jobs market in Ireland. New job opportunities were 15% ahead of December 09, a month which did not experience the full seasonal lull expected over the Christmas period.

“The jobs market in Ireland throughout 2009 was very challenging with a huge number of companies either making employees redundant or putting hiring plans on hold. In spite of this difficult market, we have seen a small but steady increase in job vacancies since the real low points reached in July and August 09. January 10 has actually seen the highest number of new jobs available in any one month since November 08.

“Sectors that were busier in January included IT, especially at the more senior end of the market; pharmaceutical/medical devices where compliance and quality roles were particularly plentiful and supply chain positions across industry sectors with an emphasis on process improvement and the continued identification of cost efficiencies. In general, confidence in the market continues to improve and though there are still some areas that may not have quite reached the bottom of the cycle yet, most sectors are following a low but steady growth trajectory.

“The number of new professionals entering the jobs market in January 10 saw a 67% increase over December 09. However, when seasonal factors are taken into consideration this rise owes much to the “new year, new job” syndrome, which often follows the December decline in recruitment activity.  Also, it’s important to note that many of those entering the jobs market in January 09 were doing so on an involuntary basis as redundancies were very prevalent. In January 10, more professionals entered the market through their own choice, encouraged by signs of improving market conditions.”

Chart: New jobs v. new candidates

-ENDS-

Notes to editors
Further press information:

Cian Connaughton
MKC Communications
Tel: + 353 87 6480809       
Email: cian@mkc.ie

 


About the Premier Group Irish Employment Monitor

The Premier Group Irish Employment Monitor measures the pulse of the Irish professional jobs market by tracking the number of new job vacancies and new candidates within the Republic of Ireland each month. The first Premier Group Irish Employment Monitor was launched in May 2009 with data from April 2008 onwards.

Statistical methodology

Monthly new jobs and new candidates

Monthly new jobs and new candidate figures are based on Premier Group’s own monthly records of new permanent job vacancies and new candidates registering with the firm for permanent employment. Statistics for the full market are derived using Premier Group’s own market share.

Job classification

Job vacancies are professional level roles within the following sectors and functions:banking & financial services, commerce & industry finance, insurance, public practice & tax, legal, HR, IT, life sciences, engineering, process & manufacturing, professional services, sales & marketing, customer service, secretarial & office support.

Geography

The data is based on new job vacancies and new candidates registered with Premier Group’s network of Irish offices in Cork, Dublin, Kilkenny, Limerick and Waterford.

About Premier Group

Premier Group is Ireland's leading recruitment consultancy with offices in Cork, Dublin, Kilkenny, Limerick, and Waterford. Internationally, the Group operates from 24 offices across eight countries. Subsidiary brands within Premier Group in Ireland include Accreate Executive Search & Interim, Brunel, la crème, Premier, and Verkom. Morgan McKinley and iQ selection also form part of the Premier Group outside of Ireland.

Morgan McKinley London Employment Monitor

Premier Group currently publishes a similar monitor in London under its subsidiary brand name, Morgan McKinley. The highly-regarded Morgan McKinley London Employment Monitor was launched in 2004 and reports on the new roles, candidates and salaries within the financial services jobs market in London each month.

Transformation Director
amcdonogh@morganmckinley.com